The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Nutraceutical Ingredients Global Market Report 2023, The global nutraceutical ingredients market is expected to grow from $49.52 billion in 2022 to $53.39 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The global nutraceutical ingredients market size is expected to grow to $71.91 billion in 2027 at a CAGR of 7.7%.

North America held the largest nutraceutical ingredients market share, and Asia-Pacific was the fastest-growing region in 2022.

Nutraceutical Ingredients Market Driver

Rising demand for probiotics and protein-rich foods is likely to drive the growth of the nutraceutical ingredients market in the coming years. Probiotics and protein-rich foods are live microorganisms and protein-rich meals that have been proved to promote health when taken or applied to the body. Because nutraceutical ingredients contain vital proteins required by the human body, the demand for probiotics and protein-rich diets will boost demand for nutraceutical ingredients. According to the Consumer Insights on Gut Health & Probiotics survey report conducted by the International Food Information Council, a US-based non-profit organisation supported by the food, beverage, and agricultural industries, approximately one-third (32%) of respondents indicated they actively try to eat probiotics, with 60% doing so at least once per day and 24% doing so at least twice per day. As a result, increased demand for probiotics and protein-rich foods is likely to boost the nutraceutical ingredients market forward.

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Key Nutraceutical Ingredients Market Segments

The global nutraceutical ingredients market is segmented –

1) By Product Type: Vitamins, Proteins and Amino Acids, Probiotic, Minerals, Omega-3 Fatty Acids, Fibers and Specialty Carbohydrates, Prebiotic, Phytochemical and Plant Extracts, Other Product Types

2) By Health Benefits: Cognitive Health, Gut Health, Heart Health, Bone Health, Immunity, Nutrition, Weigh Management, Other Health Benefits

3) By Form: Dry, liquid

4) By Application: Food, Beverages, Personal Care, Animal Nutrition, Dietary Supplements

Nutraceutical Ingredients Market Prominent Players

Major players in the nutraceutical ingredients market are Cargill Incorporated, Archer-Daniels-Midland Company, Koninklijke DSM NV, BASF SE, Arla Foods AMBA, Ingredion Incorporated, Tate & Lyle, Ajinomoto Co Inc., Kraft Heinz Company, GlaxoSmithKline, Amway, Abbott Laboratories, Kellogg Company, Danone SA, Nestlé SA, PepsiCo Inc., General Mills Inc., Aker Biomarine, Procter & Gamble Company, Johnson & Johnson, Associated British Foods Plc., Chr. Hansen Holding A/S, Glanbia Plc., Fonterra Co-operative Group Limited, DuPont de Nemours Inc., Roquette Freres, Nutraceutix Inc., Novozymes A/S, and Dow Jones Industrial Average.

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Prominent Nutraceutical Ingredients Market Trend

New product development and advances are important trends in the nutraceutical ingredients market. To maintain their position in the nutraceutical ingredients industry, major market players are producing innovative goods. Tate & Lyle, a UK-based company focused on ingredient solutions for healthier food and beverages, for example, announced new REZISTA MAX thickening starches and BRIOGEL gelling starches in January 20221. Innovative tapioca starches will assist food makers deliver superior goods due to their improved process tolerance, mouthfeel, fluidity, and texture. The starches can be found in dairy products, soups, sauces and dressings, confectionary, and other products. Tapioca starch has a transparent colour and a smooth gel-like texture that is particularly desirable in dairy desserts, some sauces, confectionery, and processed cheese.

The Nutraceutical Ingredients Global Market Report 2023  provides comprehensive insights on the nutraceutical ingredients market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the nutraceutical ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Nutraceuticals Global Market Report 2023

Ingredients Global Market Report 2023

Nutraceutical Packaging Global Market Report 2023

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